Odoo Help

Welcome!

This community is for beginners and experts willing to share their Odoo knowledge. It's not a forum to discuss ideas, but a knowledge base of questions and their answers.

1

Accounting, nominal control accounts.

By
Geoff Kimpton
on 9/11/15, 4:43 AM 418 views

In the default UK chart of accounts I have noticed that there are a lot of accounts prefixed by a letter.

Eg: A000 Fixed assets & C000 current liabilities.  Are these control accounts which should not be used or is there some other explanation.

Another puzzling aspect is the number of default bank accounts. I have:

B040 Cash in hand & at bank.  Contol account??

120000 Bank accounts

120001 Cash.  Perhaps this one is for actual cash money (notes & coins) ?

120002 Bank. ?

B040001 ?

So, the question is what are they all for & which ones should I be using?


  Sorry but my knowledge of accounting principals & practise is sketchy at best.

I have searched in the community and online documentation but have found no clues.

Thank you, I understand now.

Geoff Kimpton
on 9/13/15, 9:33 AM
0
Hengky Zhang
On 9/11/15, 5:21 AM

Chart Of Account is a hierarchy of the account

so for  example

100 Bank & Cash (View)
 100.1. Bank A (Bank & Cheque)

 100.2 Bank B (Bank & Cheque)

 100.3 Cash GPB (Cash)

so in that example we have 100 Bank & Cash which we can see the summary of our Bank & Cash amount
what we really use in transaction is the Bank A, Bank B, or Cash

the code is just for user or accountant to know easier of the account usually accountant remember the code instead of the account name

Hengky Zhang
on 9/11/15, 5:22 AM

Your Answer

Please try to give a substantial answer. If you wanted to comment on the question or answer, just use the commenting tool. Please remember that you can always revise your answers - no need to answer the same question twice. Also, please don't forget to vote - it really helps to select the best questions and answers!

About This Community

This community is for professionals and enthusiasts of our products and services. Read Guidelines

Question tools

1 follower(s)

Stats

Asked: 9/11/15, 4:43 AM
Seen: 418 times
Last updated: 9/13/15, 4:31 PM